Logan Paul’s Most Expensive Pokemon Card Becomes NFT
The horror that is modern life.
Posted Jul 9, 2022 Jake Su
Home » News » Logan Paul’s Most Expensive Pokémon Card Becomes NFT
If you didn’t already know, YouTuber and new pro wrestler Logan Paul had bought himself the world’s most expensive Pokémon card in the form of the extremely rare Pikachu Illustrator. Based on rating from rating and authentication company PSA, it is in the highest rating out of 10, which also explains why it cost the YouTuber $5,275,000. Now, in a move that will make even more waves, Paul turns this precious card into a non-fungible token (NFT).
According to Paul’s latest video, the Pikachu Illustrator card will be minted and listed as an NFT on the Liquid Marketplace on July 9 at 3pm EST. If you plan to buy the NFT, it will cost you $5 million, or 50 million tokens costing $0.10 each, which is still cheap compared to The Merge NFT, which sold for $91.8 million. Even then, Paul will retain 49% minority ownership of the card, with the card stored in a community vault yet to be determined.
Going by the inclinations of majority NFT holders, Paul can still technically do whatever he wants with the physical card.
The Liquid Marketplace platform is also co-founded by YouTuber, with no readily available information about its features and uses. However, it has a mission to “provide collectors with the ability to co-own physical and digital assets through the power of tokenization”, so do what you want with it.
Whether this entire process is legal remains a question that needs to be answered, especially since the Pokémon intellectual property is owned by the notorious litigious company that is Nintendo. Given the backlash against NFTs in general in the gaming space, this probably won’t be the last we hear from Logan Paul and that Pikachu Illustrator card.
You can watch the video revealing this NFT move below:
In other nicer Pokemon news, be sure to check out how you can get the new Party Hat Charizard in Pokemon GO, or make a quick decision to get Pokemon Scarlet or Violet based on the differences and creatures exclusive to the games.
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